Re: [CANSLIM] candle sticks

From: D B <marketshark7@yahoo.com>
Subject: Re: [CANSLIM] candle sticks
Date: Fri, 5 Sep 2003 08:06:59 -0700 (PDT)

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Hi Yien,
 
My experience with candlesticks has helped me gauge shorter term action well, but it really doesn't play a key role with the CANSLIM strategy. In other words, you may get a bearish signal on the sticks but have no reason to exit per CANSLIM rules. But, there may be select times when you have reason to exit a trade on CANSLIM terms and the candlesticks will help you better pinpoint an exit.
 
That's my experience,
 
Dan

Yien T Lung <ylung@engin.umich.edu> wrote:

Hi,

I am wondering if Candlesticks will provide more information about a given
stock than a normal OHLC with volume analysis. If so, what are the
advantages and disadvantages.



thanks

Yien


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<DIV>Hi Yien,</DIV>
<DIV>&nbsp;</DIV>
<DIV>My experience with candlesticks has helped me gauge shorter term action well, but it really doesn't play a key role with the CANSLIM strategy. In other words, you may get a bearish signal on the sticks but have no reason to exit per CANSLIM rules. But, there may be select times when you have reason to exit a trade on CANSLIM terms and the candlesticks will help you better pinpoint an exit.</DIV>
<DIV>&nbsp;</DIV>
<DIV>That's my experience,</DIV>
<DIV>&nbsp;</DIV>
<DIV>Dan<BR><BR><B><I>Yien T Lung &lt;ylung@engin.umich.edu&gt;</I></B> wrote:</DIV>
<BLOCKQUOTE class=replbq style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #1010ff 2px solid"><BR>Hi,<BR><BR>I am wondering if Candlesticks will provide more information about a given<BR>stock than a normal OHLC with volume analysis. If so, what are the<BR>advantages and disadvantages.<BR><BR><BR><BR>thanks<BR><BR>Yien<BR><BR><BR>-<BR>-To subscribe/unsubscribe, email "majordomo@xmission.com"<BR>-In the email body, write "subscribe canslim" or<BR>-"unsubscribe canslim". Do not use quotes in your email.</BLOCKQUOTE><p><hr SIZE=1>
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